03-28-2024     3 رجب 1440

New Zealand launches 7.36 USD bln package to fight coronavirus

March 18, 2020 | Wellington/UNI

 

The New Zealand government on Tuesday launched "the most important peace-time economic plan in the history of modern New Zealand" to reduce the impact of coronaviruses to support the Kiwi's jobs and the domestic economy from the virus.
The $ 12.1 billion NZ (US $ 7.36 billion) package is equivalent to 4 percent of GDP, larger than the plan was implemented in response to the Global Financial Crisis and comparable to the relief packages announced in Australia, Britain and the United States to date Is large. States of America
"The government is pulling out all the stops to protect the health of New Zealanders and the health of our economy," Prime Minister Jacinda Ardern said in a statement.
She said the best protection for our economy is getting the virus under control, which is why we are investing half a billion dollars in frontline health services to fight the COVID-19.
The stimulus plan will be investing in more health staff, more virus testing, more medicines, face masks, extra intensive care capacity and equipment at hospitals, and more money for GPs (General Practitioners), Ardern said.
"If we can manage the virus, we can mitigate the damage to the economy," she added.
On Sunday, New Zealand confirmed two more cases of COVID-19, adding eight confirmed total cases.

New Zealand launches 7.36 USD bln package to fight coronavirus

March 18, 2020 | Wellington/UNI

 

The New Zealand government on Tuesday launched "the most important peace-time economic plan in the history of modern New Zealand" to reduce the impact of coronaviruses to support the Kiwi's jobs and the domestic economy from the virus.
The $ 12.1 billion NZ (US $ 7.36 billion) package is equivalent to 4 percent of GDP, larger than the plan was implemented in response to the Global Financial Crisis and comparable to the relief packages announced in Australia, Britain and the United States to date Is large. States of America
"The government is pulling out all the stops to protect the health of New Zealanders and the health of our economy," Prime Minister Jacinda Ardern said in a statement.
She said the best protection for our economy is getting the virus under control, which is why we are investing half a billion dollars in frontline health services to fight the COVID-19.
The stimulus plan will be investing in more health staff, more virus testing, more medicines, face masks, extra intensive care capacity and equipment at hospitals, and more money for GPs (General Practitioners), Ardern said.
"If we can manage the virus, we can mitigate the damage to the economy," she added.
On Sunday, New Zealand confirmed two more cases of COVID-19, adding eight confirmed total cases.


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